From Where I Sit MasterCard RPPS Delivers Spotlight On Princeton eCom Spotlight On CCCS of Greater Atlanta NEWS REPORT MasterCard RPPS Continues to Add Value with Wide Variety of Service Enhancements NEWS REPORT First Meeting of RPPS Credit Counseling Advisory Group Addresses Electronic DMPs NEXT STEPS MasterCard RPPS Appeals Directly to Billers in New Biller Awareness Campaign		NEWS REPORT : MasterCard RPPS Continues to Add Value with Wide Variety of Service Enhancements (Page 3 of 4) In addition to new rules, committee members urged that enhancements be made to the debit cap process to provide better control of payment reversals by concentrators and their billers. "We took their recommendation to heart, and in November, we implemented reversal rules and enhancements to the debit caps that permit much greater flexibility," said Tom Smith, MasterCard RPPS®. "In the past, the debit cap process was enforced at the BSP level, not at the biller level. This limited the discretion of BSPs in setting their debit caps and had the effect of reducing the number of electronic reversals they would accept. This, in turn, required that members employ a time-consuming manual process to handle payment reversals. "The new process allows debit caps to be enforced at the biller level, giving BSPs more control and enabling them to further mitigate risk," Smith added. In addition, the new process allows billers to set an additional cap by CSP, for an even finer level of control. "The committee members and MasterCard RPPS feel that this new capability will greatly encourage acceptance of electronic reversals and improve productivity for billers, BSPs, and CSPs alike," said Smith. To get started, call MasterCard RPPS Operations and Customer Service at 800-207-7605. Addition of Fourth Daily Payment Cycle Will Expand the Multicycle Option Moving another step closer to a real-time environment, MasterCard RPPS will soon add a fourth daily payment cycle. "With the new cutoff time, 5:00 p.m. CST, our customers may be able to systematically process more payments on any given day. The new cycle makes it more likely that participants can see a rejected payment returned, corrected, and reposted within 24 hours, ensuring more timely payments," said Tom Smith, MasterCard RPPS. < Back | 1 | 2 | 3 | 4 | Next > Printer Friendly Version